Best Personal Loans of 2026
Whether you're consolidating debt, funding a home improvement, or covering an unexpected expense, the right personal loan can save you thousands in interest. We evaluated 50+ lenders to find the best options for every credit profile.
Our Top Pick
SoFi Personal Loans
Best OverallSoFi Personal Loans stands out for competitive APR rates starting as low as 6.99%, no origination fees, and comprehensive financial wellness features. The platform allows up to $100,000 in borrowing with flexible repayment terms, though you'll need a good credit score to qualify. SoFi's member benefits and career coaching add real value beyond basic lending.
Rankings
SoFi Personal Loans
by Social Finance, Inc.
SoFi offers some of the lowest rates available with excellent customer service and flexible borrowing options, making it ideal for creditworthy borrowers seeking competitive terms.
Key Features
Pros
- • Lowest APR rates among mainstream lenders (6.99% - 24.99%)
- • No origination fees or prepayment penalties
- • Soft credit check for prequalification without impact
Cons
- • Requires good to excellent credit score (typically 680+)
- • Limited accessibility for borrowers with bad credit
LightStream
by Truist Bank
LightStream, backed by Truist Bank, delivers exceptionally competitive rates with flexible terms and same-day funding, making it a top choice for rate-conscious borrowers.
Key Features
Pros
- • Lowest APR rates available (6.24% - 24.99%)
- • No origination fees
- • Same-day funding
Cons
- • Requires very good to excellent credit (typically 700+)
- • No co-signer option available
Marcus by Goldman Sachs
by Goldman Sachs Bank USA
Marcus delivers straightforward personal loans with competitive rates, no fees, and a reputation for reliability backed by Goldman Sachs' institutional strength.
Key Features
Pros
- • Competitive APR rates (7.99% - 24.99%)
- • No origination fees, prepayment penalties, or late fees
- • Backed by Goldman Sachs institutional strength and reliability
Cons
- • Maximum loan amount of $40,000 is lower than competitors
- • Requires good credit score (typically 700+)
Discover Personal Loans
by Discover Bank
Discover Personal Loans combines competitive rates with the trusted brand recognition of Discover, offering flexibility and fair pricing for a wide credit range.
Key Features
Pros
- • Accessible to broader credit ranges (fair to excellent credit)
- • Competitive APR rates (8.99% - 29.99%)
- • No origination or prepayment penalties
Cons
- • Maximum loan amount of $40,000 is moderate
- • Origination fee is zero but other fees may apply
Best Egg
by Marlette Funding (Enova)
Best Egg specializes in larger personal loans and homeowner loans with competitive rates for those with good to excellent credit.
Key Features
Pros
- • Highest loan amounts ($2,500 - $50,000)
- • Competitive rates for good to excellent credit (7.99% - 29.99%)
- • Fast funding (1-3 business days)
Cons
- • Requires good to excellent credit (typically 700+)
- • Not accessible to fair or poor credit borrowers
Upstart
by Cross River Bank
Upstart uses AI-powered underwriting to approve borrowers with fair and limited credit histories, making it accessible to those rejected by traditional lenders.
Key Features
Pros
- • Approves fair and limited credit borrowers (typically 600+ credit score)
- • AI-powered underwriting considers full financial picture
- • Fast funding (1-2 business days)
Cons
- • Higher APR rates for lower credit scores (up to 35.99%)
- • Maximum loan amount of $50,000 is moderate
Upgrade
by Upgrade, Inc.
Upgrade offers personal loans and financial wellness features to borrowers with fair to good credit, with emphasis on helping customers build credit and achieve financial goals.
Key Features
Pros
- • Accessible to fair credit borrowers (typically 600+ credit score)
- • Cash rewards for on-time payments
- • Credit-building features and financial tools
Cons
- • APR rates higher than premium lenders for lower credit
- • Limited to 15% rewards even with perfect payment history
LendingClub
by LendingClub Corp
LendingClub is a peer-to-peer lending platform that has moved toward institutional funding, offering competitive rates and significant loan amounts with accessibility to fair-credit borrowers.
Key Features
Pros
- • Competitive APR rates for fair and good credit
- • Accessible to fair credit borrowers (typically 600+ credit score)
- • Peer-to-peer lending model with institutional backing
Cons
- • Funding slower than online alternatives (3-6 business days)
- • APR rates can be high for poor credit (up to 35.89%)
Prosper
by Prosper Marketplace
Prosper is another peer-to-peer lending platform connecting borrowers with individual investors, offering accessible loans with a community-driven approach.
Key Features
Pros
- • Peer-to-peer model connecting borrowers with individual investors
- • Competitive APR rates (6.98% - 35.99%)
- • Accessible to fair credit borrowers (600+ credit score)
Cons
- • Longer funding timeline (5-7 business days)
- • Smaller investor base compared to LendingClub
Wells Fargo Personal Loans
by Wells Fargo Bank
Wells Fargo Personal Loans leverage one of America's largest banks to offer accessible borrowing with existing customer advantages and flexible terms.
Key Features
Pros
- • Part of a major national bank with strong institutional backing
- • Rate discounts available for existing Wells Fargo customers
- • Up to $100,000 in borrowing available
Cons
- • APR rates higher than fintech competitors (9.99% - 29.99%)
- • Slower funding (3-5 business days)
Full Comparison
| Feature | SoFi Personal Loans | LightStream | Marcus by Goldman Sachs | Discover Personal Loans | Best Egg |
|---|---|---|---|---|---|
| APR Range | 6.99% - 24.99% | 6.24% - 24.99% | 7.99% - 24.99% | 8.99% - 29.99% | 7.99% - 29.99% |
| Loan Amounts | $5,000 - $100,000 | $5,000 - $100,000 | $3,500 - $40,000 | $2,500 - $40,000 | $2,500 - $50,000 |
| Term Lengths | 24 - 84 months | 24 - 84 months | 36 - 84 months | 36 - 84 months | 24 - 84 months |
| Origination Fee | None | None | None | None | None |
| Funding Speed | Same day | Same day | 2-3 business days | 2-3 business days | 1-3 business days |
| Our Rating | 4.8/5Best | 4.7/5 | 4.6/5 | 4.5/5 | 4.3/5 |
How We Picked These
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